A Tea Party group known as FreedomWorks has provided new GOP congressmen and women with talking points that will help them survive budget-focused town hall meetings which have recently been very confrontational for conservatives.
The Defense Department is just the first casualty. There would be no federal money for public schools, college loans, highways, the Centers for Disease Control or just about anything else most of us expect from government.
Why would someone threaten to make things a lot worse economically? It's like threatening the family that you will burn down the house unless you get what you want. It's extreme, divisive, destructive.
This isn't the first time we've had this debate. Again this week, oil executives were called before Congress to justify excessive profits. For the past 40 years of oil crises, oil wars and oil-induced recessions, it has been Groundhog Day on Capitol Hill.
If President Obama doesn't want to go down in history as the Democratic President who began the dismantling of signature Democratic achievements, he must have the same courage in standing up to Republican hostage takers as he did in going after Bin Laden.
Whether cable stations run a countdown clock for when we'll hit the national debt limit or not, the controversy draws viewers, so the networks win either way. I just wish that were also true for the country.
So John Boehner wants trillions of dollars in cuts. Trillions. And everything is on the table. Except tax increases. And except for allowing expiring tax cuts to expire. But everything is not on the table if everything isn't on the table.
Congress may or may not raise the debt ceiling. Who knows what Congress, in its infinite wisdom, will do; but the notion that a failure to raise the debt ceiling will lead to a default by the U.S. Government on outstanding Treasury securities is nonsense.
Retiring the national debt shouldn't even be an issue in Washington. The national debt as a percent of GDP has been higher in the the past and we survived. The key to that survival was to grow the economy.
Be it for ignorance or by intention, few federal officials have examined how a change in the way money in our nation is created and issued could reduce our nation's deficit and, in doing so, increase millions of jobs.
We all want to cut taxes. Globalization is nothing more than production looking for a cheaper country to produce. We can cut taxes by eliminating the corporate income tax and replacing it with a 5% value added tax.